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New Mexico's Oil And Gas Royalties Hit Record

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New Mexico’s Oil And Gas Royalties Hit Record
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Venezuela Releases Citgo Oil Executives From Jail To House Arrest ....

New Mexico , United States , North Dakota , New Mexican , Julianne Geiger , Stephanie Garcia Richard , Energy Information Administration , Nm State Land Office , Associated Press , Land Commissioner , Federal Land , Oil Production , புதியது மெக்ஸிகோ , ஒன்றுபட்டது மாநிலங்களில் , வடக்கு டகோட்டா , புதியது மெக்ஸிகன் , ஜூலியானே கைகர் , மாற்றாந்தாய் கார்சியா ரிச்சர்ட் , ந்ம் நிலை நில அலுவலகம் , தொடர்புடையது ப்ரெஸ் , நில ஆணையர் ,

It's past time to update energy business best practices » Albuquerque Journal

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New Mexico is dependent on a volatile revenue stream. Each year we cheer revenue windfalls or scramble to adjust to shortfalls as the boom-and-bust cycle of the oil and gas industry impacts our ability to plan and pay for public education, health care and other essential services.
While regularly touting their revenue contributions to the state budget, the industry’s PR campaign fails to mention the outdated policies that shortchange our citizens, create multibillion-dollar liabilities that jeopardize the state’s financial health for future generations and hamper sustainable development.
As the former director of the N.M. Legislative Finance Committee, chief economist at the N.M. State Land Office, chief financial officer at the city of Albuquerque, and an international public finance advisor, I focused on the development of revenue policies to fund public services while promo ....

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State Land Office sues over abandoned wells

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Abandoned oil and gas infrastructure is seen here in McKinley County. The State Land Office is suing two companies to compel them to plug abandoned wells and pay fines for trespassing after their leases expired. (Courtesy of NM State Land Office)
Copyright © 2021 Albuquerque Journal
The New Mexico State Land Office is suing two oil and gas companies for failing to clean up abandoned wells and other infrastructure on more than 500 acres in McKinley County.
The lawsuit filed Thursday in 1st Judicial District Court states that BC&D Operating and Dominion Production Co. did not “plug wells, remediate spills, remove debris” or reclaim roads and well pads after their leases expired in 2018. ....

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